general dynamics corp (GD) Key Developments
General Dynamics Norfolk Wins $35.1 Million Federal Contract
Apr 9 15
General Dynamics Norfolk, Norfolk, Virginia, was awarded a $35,098,989 federal contract modification by the Mid-Atlantic Regional Maintenance Center, Norfolk, Virginia, for the USS George H.W. Bush CVN 77 Fiscal 2015 planned incremental availability.
General Dynamics Wins $33 Million Nuclear Submarine Services Contract
Apr 6 15
General Dynamics announced that its Electric Boat subsidiary received a $32.6 million contract modification to perform nuclear-maintenance work for submarines homeported at Groton, Connecticut. Under the terms of the contract, the company will provide project management, planning, training and nuclear services to support maintenance, modernization and repairs at the submarine base.
General Dynamics Mulls Acquisitions
Mar 24 15
General Dynamics Corporation (NYSE:GD) has filed a shelf registration and will use the net proceeds from the sale of the securities offered for general corporate purposes. General corporate purposes may include additions to working capital, capital expenditures, refinancing of existing indebtedness including commercial paper, repayment of debt, and financing of possible acquisitions, investments or stock repurchases.
General Dynamics Receives Contract from U.S. Army to Update MUOS Waveform
Mar 10 15
General Dynamics received a contract from the U.S. Army to support upgrades to the Mobile User Objective System (MUOS) waveform used in the Army's AN/PRC-155 two-channel MUOS-Manpack radios. The waveform is the digital 'dial-tone' needed to connect with the U.S. Navy's new MUOS satellite communications network that will provide U.S. military and government personnel smartphone-like voice clarity and data connectivity. The total potential value of the contract is approximately $13 million and includes waveform integration into the PRC-155 radios, radio/waveform testing, field support and soldier training. MUOS waveform upgrades will enhance voice clarity and cyber security of voice and data communications across the MUOS communications network. Other waveform enhancements include improved connectivity with other MUOS-Manpack radios, the MUOS ground system and satellites. The MUOS communications network is expected to achieve global communications coverage in 2016.
General Dynamics Corporation Declares Regular Quarterly Dividend, Payable on May 8, 2015
Mar 4 15
The board of directors of General Dynamics declared a regular quarterly dividend of 69 cents per share on the company's common stock, payable May 8, 2015, to shareholders of record on April 10. The dividend represents an 11.3% increase from the previous quarterly dividend of 62 cents per share.